"Assuming you meant 4000 rpms
"Assuming you meant 4000 rpms you're burning about 13.5 GPH. I'm not familiar with big block fuel economy but I bet if you backed off the rpms to 3200 - 3400 you drop your consumption quite a bit. ~10 GPH seems doable. But it all depends on how expensive gas is to you. If I was burning that kind of fuel I don't think my wife would let me keep the boat! 13.5 GPH @ $4.95/gal, that's $66/hour! I don't even make that much.
My buddy in the SF Bay area has a 24' Searay with a 5.7L SB and @ 2800-3000rpms he's burning about 9-10 GPH and he's got a pretty heavy boat and there is always a head wind and strong tides. Just a reference.
I guess to answer your question it's safe but not very efficient."